Proposed Rule Change to Amend the Definition of "Money Market Instrument" in FINRA Rule 6710(o)

FINRA announced that it is filing with the SEC a proposed rule change to exclude additional short-term discount notes from the definition of TRACE-Eligible Security in FINRA Rule 6710(a) by amending the definition of "Money Market Instrument" in FINRA Rule 6710(o) of the Trade Reporting and Compliance Engine (TRACE) rules. The result of this change is that such notes would not be subject to TRACE reporting.

View text of proposed rule change here(links externally to FINRA website).